TotalEnergies, Oman LNG sign LNG SPA

TotalEnergies has finalised a sale and purchase agreement (SPA) with Oman LNG to buy 0.8mn tonnes/year of LNG, it announced on April 22. This SPA follows a term sheet signed between the two companies last year.

The 10-year deal, effective from 2025, solidifies TotalEnergies' position as one of the main purchasers of Oman LNG's production. Oman LNG has been actively securing LNG supply agreements in recent weeks, having signed deals with Botas, Japan's Jera and global energy giant Shell.

Oman LNG, primarily owned by the government of Oman with a 51% stake, counts Shell (30%), TotalEnergies (5.4%), Kogas (5%), and several Japanese and Omani entities with stakes under 3%, among its shareholders.

TotalEnergies on April 22 also announced the final investment decision on the Marsa LNG project in Oman. The project will mainly target the burgeoning LNG bunkering market in the Gulf region.